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The Legal and Tax Complications Faced by Digital Nomads and Their Employers

Small Business Labs

.  A quick summary of the article is if you're working remotely, it can be pretty complicated and potentially expensive from a tax perspective. But remote work is even more legally challenging for employers. As the MBO Partners report chart below shows, this growth was mostly driven by digital nomads with traditional jobs.  

Legal 221
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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

If you work as a freelancer or engage in work similar to the 16% of Americans who earned money from an online gig platform in 2021 , then there are multiple avenues to explore when bracing for next tax season. There is no legal distinction between the owner and the business.

Legal 264
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

A 1099 is a form used to report non- employee compensation. It can also help to look at whether the worker is reimbursed for expenses incurred while completing the work. Some expenses may be included on independent contractor invoices, but the basic tools or programs required to complete the work are often provided by the contractor.

Payroll 52
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3 Steps to Take Before Going Into Business for Yourself

Success

A 2021 report uncovered that 40% of traditionally-employed American workers are considering a transition to self-employment in the next two years. Before going into business for yourself, you should have an account set aside to save for these additional expenses. You should consult your own tax, legal and accounting advisors.

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Zoe Ellis Moore Founder of Spaces to Places | Navigating the Changing Needs of Today’s Professionals: Trends in the Flexible Workspace Industry

Allwork

Myth #3: Flexible workspaces are too expensive for small businesses. Now we’re seeing constant growth 2021, 3% increase in providers, 5% last year as well. The Instant Office report was fascinating from this year, this of September, and it was all about service and just basic things of great customer service there.

AT&T 253
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The 2023 Motherhood Penalty: The Sorry State Of Affairs For Working Women Continues

Allwork

According to recent reports , it has been suggested that the motherhood penalty is responsible for 80% of the gender pay gap. A year ago, Allwork.Space highlighted a Payscale report on the gender pay gap — and what it meant for working women. The report revealed that women with children in the U.S. earned $0.77 In the U.K.

2023 269
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A Noncompete Clause Ban Is on the Table—Here’s What Employees Should Know

Success

President Joe Biden issued an executive order in 2021 calling on the FTC to ban or limit noncompete agreements, and this January, the commission proposed a new rule to prevent employers from entering into new noncompete clauses and to rescind existing ones. And that may not come until April 2024 , according to reporting by Bloomberg Law.